Who are Remitly Global's main competitors?

Named competitors: Western Union (WU), Wise plc (WSE), Euronet Worldwide (Ria) (EEFT). The cockpit's measured peer set (industry) also includes Klarna (KLAR), WEX (WEX), Paymentus (PAY), Shift4 Payments (FOUR), Euronet Worldwide (EEFT), Flywire (FLYW).

Is Remitly Global expensive compared with its peers?

On forward p/e it trades at 22.7× against a peer median of 16.9×, 6th most expensive of 14 in its peer set.

How has Remitly Global stock performed?

Over six months to 6 Nov 2026 the shares returned -7.1% against +3.2% for the median peer; over one year +35.8%.

← CockpitCompetitor Analysis › RELY Remitly Global, Inc.Open in the cockpit ↗

Remitly Global, Inc.RELYCompetitor analysis, valuation and peers

United States · USD·Financials›Miscellaneous Commercial Services

Digital remittance platform enabling immigrants to send money internationally to family and friends via a mobile app.

Momentum neutral 43

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.72B

US dollars, full cap

Free float

91%

of shares outstanding

$/day

$78.1M

20-day average traded

Fwd P/E

22.7×

forward earnings

ROIC−WACC

n/a

WACC 7.2%

Hurdle

n/a

no reverse DCF

Next earnings

110 days

24 Feb 2027

Close · USD$22.32

1D+3.6%

1W-7.6%

1M-5.1%

3M-3.5%

6M-7.1%

YTD+61.7%

1Y+35.8%

ATR %6.3%

Beta1.80

52w lowhigh20.3% off high

What Remitly Global does

Digital remittance platform enabling immigrants to send money internationally to family and friends via a mobile app.

Takes a transfer fee and a margin on the currency exchange rate for each remittance, so revenue follows how many senders it has and how often and how much they send. Senders are mostly in richer countries, sending to families in corridors such as India, Mexico and the Philippines.

Products and services

Mobile remittance app
Disbursement network (bank deposit, cash pickup, mobile wall
Multi-currency wallet products

Customers

Immigrant/diaspora consumers sending money abroad

Where it sits in the supply chain

Financial services/fintech
Cross-border remittances
Digital international money-transfer…

What could go right

Digital remittance share gains from cash agents
International corridor expansion

What could go wrong

FX/interest-rate margin sensitivity
Regulatory/compliance costs across many countries

Moat: narrow (network effects, brand, distribution). Digital-first remittance network with broad payout partnerships lowers cost versus legacy agent-based rivals.

Headquarters: Seattle, Washington · Founded: 2011 · Employees: 3,200

Named competitors

Remitly Global at a glance

Size Remitly Global (RELY) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $4.72B, the 1222nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.32 on 6 Nov 2026.

Performance Over six months the shares fell 7.1%, against +3.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 14 in its peer set.

Growth Revenue grew 23.8% over the last twelve months (peer median +17.2%); the operating margin is 10.4% (peer median 11.0%).

Valuation It trades at 22.7× forward earnings against a peer median of 16.9× (6th most expensive of 14).

Short interest Short interest is 9.6% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Remitly Global against the median of its 13 peers (local-currency closes).

Remitly Global financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	$1.81B	$1.64B	$1.26B	$944M	$654M
Revenue growth	—	+29%	+34%	+44%	—
Gross profit	$1.09B	$959M	$730M	$518M	$319M
EBITDA	$213M	$107M	-$19.6M	-$95.1M	-$110M
Net income	$305M	$67.9M	-$37.0M	-$118M	-$114M
Free cash flow	$345M	$283M	$93.9M	-$62.7M	-$112M
Capital expenditure	$23.0M	$41.8M	$17.7M	$9.10M	$7.06M
Total debt	$38.3M	$192M	$16.3M	$143M	$9.20M

Quarterly statements and history in the cockpit →

Remitly Global competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Remitly Global is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Remitly Global is the large dot.

Remitly Global competitors and peer comparison

Head to head with its named competitors (RELY vs WU vs WSE vs EEFT)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Remitly Global RELY	$4.72B	-7%	+24%	10%	22.7×	n/a
Western Union WU	$2.15B	-24%	-2%	17%	4.8×	n/a
Wise WSE	$13.2B	-23%	+20%	22%	17.4×	n/a
Euronet Worldwide EEFT	$2.65B	+3%	+5%	11%	6.2×	n/a

How Remitly Global compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Remitly Global against its 13 peers (data as of 6 Nov 2026)
Measure	RELY	Peer median	Rank in peer set
1-month return	-5.1%	+4.5%	3rd lowest of 14
6-month return	-7.1%	+3.2%	5th lowest of 14
Distance from 52-week high	-20.3%	-23.4%	7th highest of 14
Revenue growth (TTM)	+23.8%	+17.2%	6th highest of 14
Operating margin	10.4%	11.0%	7th lowest of 14
Forward P/E	22.7×	16.9×	6th most expensive of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Remitly Global RELY	United States	$4.72B	-7%	+24%	10%	22.7×	n/a	n/a
Klarna KLAR	United States	$5.13B	-6%	+34%	-1%	106.5×	n/a	n/a
WEX WEX	United States	$5.99B	+29%	+10%	27%	8.0×	n/a	n/a
Paymentus PAY	United States	$3.70B	+20%	+26%	8%	32.3×	n/a	n/a
Shift4 Payments FOUR	United States	$3.47B	+3%	+32%	10%	8.4×	n/a	n/a
Euronet Worldwide EEFT	United States	$2.65B	+3%	+5%	11%	6.2×	n/a	n/a
Flywire FLYW	United States	$2.62B	+25%	+31%	9%	33.9×	n/a	n/a
Payoneer Global PAYO	United States	$2.42B	+39%	+6%	12%	33.9×	n/a	n/a
PayPay Corporation Sponsored ADR PAYP	United States	$9.97B	-24%	+29%	24%	16.9×	n/a	n/a
PagSeguro Digital PAGS	United States	$2.11B	-25%	+11%	38%	4.5×	n/a	n/a
EVERTEC EVTC	United States	$2.00B	+40%	+16%	20%	7.8×	n/a	n/a
Marqeta MQ	United States	$1.93B	+11%	+17%	2%	38.5×	n/a	n/a
StoneCo STNE	United States	$1.83B	-30%	-30%	-130%	3.7×	n/a	n/a
Wise WSE	United States	$13.2B	-23%	+20%	22%	17.4×	n/a	n/a

Questions

Who are Remitly Global's main competitors?: Named competitors: Western Union (WU), Wise plc (WSE), Euronet Worldwide (Ria) (EEFT). The cockpit's measured peer set (industry) also includes Klarna (KLAR), WEX (WEX), Paymentus (PAY), Shift4 Payments (FOUR), Euronet Worldwide (EEFT), Flywire (FLYW).
Is Remitly Global expensive compared with its peers?: On forward p/e it trades at 22.7× against a peer median of 16.9×, 6th most expensive of 14 in its peer set.
How has Remitly Global stock performed?: Over six months to 6 Nov 2026 the shares returned -7.1% against +3.2% for the median peer; over one year +35.8%.